What the old man meant.... was that he had the gift of intuition. He understood the human condition and thru that he understood that humans are predictable. He applied it to the herd we call the markets. When he said "he was you, he is you, he'll be you" he wasn't talking about YOU. That was a euphemism for the herd. He viewed you as part of that herd. Great story. I'd like to meet that old dude. Him and I would get along well.
Great posts from a realist .No wonder he was unpopular.The forums don't like his kind. He missed all the important points made by Marketsurfer II , the psycho analyst of traders and trading.
the prhase "eyes glazing over" comes to mind as I read the same material. dunno what that means but can sure feel something that leaves me speechless thinking back of all the time I spent caught up inside this huge prank.
just setting a new std, dbl posting, tis not necessary to hit all the approved notes, scales and rythums when speaking truth. I recommend the guy who posted this consider if it's worthwhile impressing anyone who would listen to him talk about successful trading.
1. Successful trading takes far more than studying past price, price, volume or any derivative related to past price for the retail trader. Hang on buddy , I am selling the holy grail 2. The past does not repeat but it can rhyme with the future but not in a predictive or consistently profitable manner. I am telling my customer the opposite 3. Luck is a tremendously powerful force that can be used for both success and failure in the stock market You are a dumb trade TEB 4. Embrace randomness in life. it is a sure way to find success Go cuckoo in the head ,yee traders 5. Price charts are extremely deceptive and should only be used for descriptive or illustrative purposes-- for this they are perfect. You bought this T/A P /A course you dumb monkey! 6. Beware of Technical analysis. It is very seductive due to the way we are wired. It is only effective for describing what has happened or explaining concepts to investors who prefer pictures. You bought this T/A P /A course you dumb monkey! 7. Look for causes, not effects when attempting to make trading decisions. Dumb t/a p/a trader , trade fundamental drivers 8. Price is the effect, not the cause of every move therefore "price action" and other price based methods are fatally flawed from the start. You bought this T/A P /A course you dumb monkey! 9. Beware of anyone who says the same method has been profitable for a number of market cycles, who uses scientific words without support, who makes claims based on fatally flawed premises. You bought this T/A P /A course you dumb monkey! 10. Trade what you think based on research into cause, not what you see as the market is designed to deceive. Tosspott is sitting with 6 screens or 8 screens To be continued..... surf II
For your information: he once wiped out a fund and all his clients lost all their money. That's how good he was. I read that even a client commited suicide from all this, but I don't have any confirmation so not sure if it is true. Strange, is that not exactly the type of people you are fighting against? He looks a bit like you.
At least my knowledge is far superior and real stuff , I can back it all up by scientific or subjective debate.At least I say it with my beliefs and balls. I can see why he was winding up and creating doubts /uncertainty in traders/posters and vendors with his statements .I am open to all posters , but not people who give fake promotions , misinformation , views , threads and advice based on their agendas. Most traders come here to get certainty , help and sound debate about their trading .They don't want market surfer creating doubts and spreading doubts .